RESEARCH REPORT
Snowflake Inc.
SNOW
$306.08
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Snowflake Inc. trades near $306.08 on a trailing multiple of about 101.1x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own unavailable median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~101.1 | ~n/a | n/a |
| P/E (forward) | ~101.1 | — | — |
| EPS (TTM) | -3.18 | — | — |
| Gross margin | 67.0% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- Street mean target: $426.50 — Average published analyst target.
- Street target midpoint: $317.50 — Midpoint of $110.00–$525.00 published range.
Street targets run from $110.00 to $525.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Street coverage and recent filings supply the constructive case; pull the latest 10-Q for segment detail.
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Multiple risk: paying above the company's own history embeds growth that still has to show up in the numbers.
- Concentration and execution: watch customer, geography, and product-cycle dependency in the next filings.
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~101.1x rather than its unavailable ~n/ax, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 1796245200
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 5, 2026|Palantir Just Had Its Best Growth Quarter Ever. Why Are Investors Selling?(Yahoo)
Palantir just posted the fastest revenue growth in its public company history, yet investors are selling the stock. Understanding what spooked the market reveals a tension between two very different stories buried inside the same earnings report.
Nov 5, 2026|Palantir Sinks 10% as Democratic Sweep Deepens AI and Defense Stock Sell-Off(Yahoo)
Key TakeawaysPalantir shares fell 10% today as the post-midterm sell-off in AI and defense stocks deepened, with no news from the company. U.
Nov 5, 2026|Snowflake Soars 32% Year to Date: Buy, Sell, or Hold the Stock?(Yahoo)
SNOW stock rallies 32.5% year-to-date, driven by strong AI adoption, customer growth, and raised revenue guidance despite a premium valuation.
Nov 5, 2026|Wall Street Is Underestimating Snowflake’s Growth Potential(Yahoo)
Snowflake's revenue growth keeps accelerating, yet the stock just stumbled hard. One bold 2027 price target looks out of reach until you see the single valuation multiple it quietly depends on.
Nov 5, 2026|EXL acquires data and AI consulting market leader Aimpoint Digital to expand forward-deployed AI capabilities and accelerate enterprise transformation(Yahoo)
Combines Aimpoint Digital’s forward-deployed AI engineering and platform expertise with EXL’s deep industry knowledge, proprietary agentic AI capabilities, and operational scale to transform mission-critical enterprise workflowsDeepens expertise across leading AI platforms including Anthropic, Databricks, and Snowflake, accelerating the journey from AI strategy to production and measurable business outcomesAdvances EXL’s strategy to deliver end-to-end enterprise AI transformation, connecting AI
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Nov 4, 2026 | Dageville Benoit | Sell | 16,668 | $0 |
| Nov 4, 2026 | Dageville Benoit | Sell | 50,000 | $14.6M |
| Nov 2, 2026 | Kleinerman Christian (EVP, Product Management) | Sell | 10,000 | $3.1M |
| Oct 21, 2026 | Dageville Benoit | Sell | 16,668 | $0 |
| Oct 21, 2026 | Dageville Benoit | Sell | 50,000 | $16.1M |
| Oct 19, 2026 | Slootman Frank | Sell | 300,000 | $2.7M |
| Oct 19, 2026 | Slootman Frank | Sell | 9,220 | $2.9M |
| Oct 19, 2026 | Slootman Frank | Sell | 11,959 | $3.7M |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| BlackRock | 70,527 | $9.5B | — |
| Vanguard Group | 27,143,399 | $6.0B | — |
| State Street | 7,957,874 | $2.0B | — |
| Invesco | 7,147,000 | $11.9M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.